On 6 April 2008, West Bengal Chief
Minister, Mr. Buddhadeb Bhattacharjee inaugurated NHPC's 900 MW pump storage
hydel power plant at Baghmundi in Purulia district of West Bengal.

The four units, each of 225 MW, of the
pump storage power project became operational between October 2007 and January
2008, with an investment of Rs.2,953 crore. The entire project cost was funded
by the Japan Bank of International Cooperation, which also provided the
technical expertise.